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it is a major embarrassment for president obama and the leaders of congress. the whole thing may be worked out in the next few days. the debt ceiling needs to be raised by congress and the republicans feel they have the upper hand over president obama and the democratic party. >> north korea's leader has given a surprise new year's address to the nation. he said that the two koreas should be reunited. but the young leader also stressed the importance of strengthening north korea's military. >> for north koreans used to simplicity rather than extravagance, this was a rare treat. but apparently the leader says that 2012 as a historic year was worth celebrating. there was a successful rocket launched in september. he told the nation that he would build on it. he spoke on the need to improve relations with south korea appear the messages more conciliatory than recent years. >> this year, the entire nation should unite in opening in new chapter to reunite our fatherland. >> he did not denounce the presence of u.s. military troops in south korea. he did not criticiz
it is a major embarrassment for president obama and the leaders of congress. the whole thing may be worked out in the next few days. the debt ceiling needs to be raised by congress and the republicans feel they have the upper hand over president obama and the democratic party. >> north korea's leader has given a surprise new year's address to the nation. he said that the two koreas should be reunited. but the young leader also stressed the importance of strengthening north korea's...
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you know what not a lot of changed the republican party opposing obama at every juncture and not negotiating with them right now the fiscal cliff is coming and we're all going to shoot off the fiscal cliff like thelma and louise and we're holding hands with grover norquist and everybody's crying mostly because the lose in the sixty six thunderbird to the grand canyon but the republicans even though they lost the election even though they lost seats in the house and lost seats in the senate they still refused to negotiate and they're being held hostage by their far right wing and that hasn't changed and it might might change next year but i don't i don't think so and loose with what about the polarization let's say in france right now after the election because the sitting president is not very popular right now. it's complicated because you you get a kind of windshield wiper effect in france you get one we can which the president sporty and the president himself are doing extremely badly for instance you have the steel works. with mr lakshmi mittal the fact that basically the president and t
you know what not a lot of changed the republican party opposing obama at every juncture and not negotiating with them right now the fiscal cliff is coming and we're all going to shoot off the fiscal cliff like thelma and louise and we're holding hands with grover norquist and everybody's crying mostly because the lose in the sixty six thunderbird to the grand canyon but the republicans even though they lost the election even though they lost seats in the house and lost seats in the senate they...
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convincingly beat his republican rival mitt romney well that competition overshadowed some third party candidates will have to struggle to get their voices heard what is going to. go to the white house. there were cheers of relief here when he won i would say because the alternative was thought to be so much worse many voted out of fear that romney could win for them he was another george w. bush so whether americans have fallen out of love with obama the two thousand and eight euphoria was gone that's for sure back then there were these crowds you know in the streets all across the country shedding tears of joy so bad in their view where the eight years of bush presidency obama was good as the savior and then he went to save the banks save the auto industry something he took a special pride in during the election campaign but across the country millions of people remained out of work and are still out of work so this time president obama ran under the banner it could have been so much worse as you imagine it was not a banner for national euphoria it was more like you have no choice bu
convincingly beat his republican rival mitt romney well that competition overshadowed some third party candidates will have to struggle to get their voices heard what is going to. go to the white house. there were cheers of relief here when he won i would say because the alternative was thought to be so much worse many voted out of fear that romney could win for them he was another george w. bush so whether americans have fallen out of love with obama the two thousand and eight euphoria was...
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president obama said at an agreement was in sight but not dead yet. there is a republican senate, but mcconnell, taking the lead directly with vice-president joe biden on the phone. mr. mcconnell said the two parties were very close to an agreement. they were close to an agreement on the tax side that would avert tax rises before the vast majority of americans at midnight here tonight. what they are still talking about is the spending side. the question is what happens -- do they get deferred or delayed? still arguing over that period there is optimism the deal is emerging that if we do get it, remembering everything that is agreed has to be approved by the house and senate. there is certainly some suggestions that the house of representatives might not vote on something tonight. >> we will keep you up-to-date with the fiscal cliff situation over the next few hours. we showed you athens a few minutes ago and the fireworks displays around the world have been heralding the start of the new year. north korea has joined other countries in having a pyrotec
president obama said at an agreement was in sight but not dead yet. there is a republican senate, but mcconnell, taking the lead directly with vice-president joe biden on the phone. mr. mcconnell said the two parties were very close to an agreement. they were close to an agreement on the tax side that would avert tax rises before the vast majority of americans at midnight here tonight. what they are still talking about is the spending side. the question is what happens -- do they get deferred...
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[cheers] >> taking what republicans called a victory lap. president obama said a deal is in sight. appeared at a campaign style event to remind everyone he is winning and the g.o.p. is not. >> just last month republicans in congress said they would never agree to raise tax rates on 00 wealthiest americans. obviously the agreement is currently being discussed would raise those rates and raise them permanently. >> republicans suggested the event may back fire. accusing the president of rubbing their noses in defeat. >> time to stop the campaigning, the president won. we all know that. he won fair and square. but isn't it now time to govern? >> the president was absolutely out of line with his comments at 1:30 this afternoon. this is a very delicate time in the negotiations. i would think democrats would be embarrassed at what the president did. >> after months of the president promising a balanced approach, there are only tax hikes for the rich without any new spending cuts. and today he hinted at even more tax hikes ahead. warning republicans future deficit reduction will not come f
[cheers] >> taking what republicans called a victory lap. president obama said a deal is in sight. appeared at a campaign style event to remind everyone he is winning and the g.o.p. is not. >> just last month republicans in congress said they would never agree to raise tax rates on 00 wealthiest americans. obviously the agreement is currently being discussed would raise those rates and raise them permanently. >> republicans suggested the event may back fire. accusing the...
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now, president obama and the senate republican leaders say they are close to a deal to prevent tax hikes on the middle class. the trouble is, the house has gone home and won't be voting on anything tonight. >> for now, our most immediate priority is to stop taxes going up for middle class families starting tomorrow. i think that is a modest goal that we can accomplish. >> we all want to protect taxpayers, and we can get it done now. right now. >> trace: officials tell fox news agreement would let tax cuts expire on $450,000 instead of the president's cut off $250,000. extend unemployment benefits for another year it does not include any new spending cuts. of course, that's the other big issue in this fiscal cliff standoff. we have team fox coverage. mike emanuel is live on capitol hill. but first to ed henry at the white house. ed, it looks as if we are taking the plunge. >> it does, trace. but what i think the white house is hoping here tonight is that lawmakers are going to have some framework by midnight tonight that basically says votes as soon as tomorrow or maybe even in early wee
now, president obama and the senate republican leaders say they are close to a deal to prevent tax hikes on the middle class. the trouble is, the house has gone home and won't be voting on anything tonight. >> for now, our most immediate priority is to stop taxes going up for middle class families starting tomorrow. i think that is a modest goal that we can accomplish. >> we all want to protect taxpayers, and we can get it done now. right now. >> trace: officials tell fox news...
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by early this afternoon amid reports of progress, president obama emerged in a campaign style setting. >> today it appears that an agreement to prevent this new year's tax hike is within sight. but it's to the done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> it was widely reported that the deal would include making the bush era tax cuts permanent for families with incomes under $450,000 a year. for households making more than that amount, rates would rise from the current 35% to 39.6%. the agreement would also raise the estate tax. in addition, unemployment benefits would be extended for one year. otherwise some 2 million americans face the end of their benefits beginning in january. on the senate floor shortly before midafternoon, minority leader mcconnell confirmed that the stalemate on taxes appeared to be over. >> i can report that we've reached an agreement on all of the tax, the tax issues. we are very, very close. as the president just said, the most important piece, the piece that has to be done now is prevent
by early this afternoon amid reports of progress, president obama emerged in a campaign style setting. >> today it appears that an agreement to prevent this new year's tax hike is within sight. but it's to the done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> it was widely reported that the deal would include making the bush era tax cuts permanent for families with incomes under $450,000 a year. for households making...
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. >>> president obama won a second term in office. >> we remain more than a collection of red states and blue states. we are and forever will be the united state of america. >> republicans retain control of the house and democrats kept their majority in the senate. and days after the election a scandal hit washington. the cia director david patreuas resigned. a man murdered 20 children and 6 adults in newtown, connecticut. investigators say adam lanza killed his own mother and later killed himself at the school. >> you are not alone in your grief. that our world too has been torn apart. >> now we're looking ahead to next year waiting to see what president obama can accomplish in his final term and whether law makers can find a way to work together for the good of us all. also keeping a close eye on the economy and syria and egypt. a lot of uncertainties ahead and we'll be here covering all the news as it happens. shepard smith, fox news. >> one of the biggest headlines of 2012 wrapped up. >> the senate passes a deal on the fiscal cliff but more challenges ahead. the latest on that co
. >>> president obama won a second term in office. >> we remain more than a collection of red states and blue states. we are and forever will be the united state of america. >> republicans retain control of the house and democrats kept their majority in the senate. and days after the election a scandal hit washington. the cia director david patreuas resigned. a man murdered 20 children and 6 adults in newtown, connecticut. investigators say adam lanza killed his own mother...